Kabbage

Acquired

Simplifying cash flow management for small businesses

Atlanta, United States · Founded 2009 · $486.5M raised

Headquarters
Atlanta, Georgia
Employees
501–1000
Founded
2009
Business Model
B2B
Total Funding
$486.5M
Last Round
$250.0M Series FAug 2017
Rounds
7
Acquisition Date
Apr 2020

About

Kabbage was an Atlanta-based fintech company founded in 2009 by Rob Frohwein, Kathryn Petralia, and Marc Gorlin that pioneered automated small business lending using data analytics and real-time business data. The company built a data and technology platform that evaluated live business performance metrics to extend revolving lines of credit up to $250,000 to small businesses within minutes. In August 2020, American Express acquired Kabbage's team, technology platform, and IP for a reported ~$850 million. Amex rebranded the product as Kabbage from American Express, then retired the Kabbage brand in early 2023 with the launch of American Express Business Blueprint.

Summary

Kabbage is a Fintech company based in Atlanta, United States, founded in 2009. It has raised $486.5M in total across 7 rounds, most recently a $250.0M Series F round in Aug 2017. Investors include American Express Ventures, SoftBank and Reverence Capital Partners.

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Funding History

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AcquisitionApr 2020

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